Proceedings for the 4th International Conference «Global Challenges for Competitiveness: Business and Government Perspective»
There co-exist several problems when measuring the level of competitiveness. The major one is that it represents an integral indicator of the enterprise performance. The indicator has something in common with the notion of the utility function used in economics. The latter one stamps a numerical equivalent of the utility associated by an individual from the consumption (or possession) of certain goods. Nevertheless, it stays an implicit (non-observable) function.